What Is a Business Administration Degree?
ABachelor of Business Administration(BBA) provides a comprehensive understanding of a wide range of topics related to the fundamentals of business operations. A BBA’s core curriculum generally covers advanced coursework in marketing, accounting, finance, economics, management, supply chain management, strategic management, and other key academic subjects.
Business Administration Degree Jobs
A BBA is a versatile degree that prepares you for various opportunities in industries such as business, government, healthcare, nonprofit, and education. It’s perfect for those who want to increase their knowledge of business management, explore new career opportunities, gain the tools necessary to advance within an organization, or pursue entrepreneurial ventures. There is a high regard for those with a BBA in the private sector, as well, working in areas such as business development, analytics, and brand management.
What can you do with a business degree? A BBA prepares you for various career opportunities. Let’s look at ten of them.
Entrepreneur
Entrepreneurs are typically passionate business owners who have worked hard to start a business in various fields and industries. All businesses, large and small, were created by enterprising entrepreneurs. Evolving technology and the internet have made it possible for many to venture down the entrepreneurial career path. BBAs help entrepreneurs learn about business processes, enabling them to excel.
According to theUS Bureau of Labor Statistics, successful entrepreneurs who become top executives can expect to earn a median salary of $98,980 per year.
Medical & Health Services Manager
Also referred to as healthcare administrators or executives, medical and health services managers are responsible for planning, directing, and coordinating the business activities of healthcare providers. They must adapt to changes in healthcare regulations, laws, and technology. They work closely with other healthcare professionals and may also interact with insurance agents and patients.
TheUS Bureau of Labor Statisticsstates that a medical and health services manager can expect to earn an annual salary of $101,340. Even better news, the BLS projects the employment rate of medical and health services managers to increase by 28 percent between 2021 and 2031 – more than four times faster than the national average for all occupations.
Information Security Analyst
An information security analyst plans and implements security measures to safeguard an organization’s computer networks and systems. They are heavily involved in creating an organization’s disaster recovery plan, including implementing preventative measures and restoring proper IT functioning in the event of a disaster. They must stay abreast of the methods attackers use to infiltrate computer systems and remain up to date on IT security measures.
According to theUS Bureau of Labor Statistics, an information security analyst earns an average salary of $102,600 annually. The BLS projects the employment rate of an information security analyst to increase by an incredible 35 percent between 2021 and 2031 – six times faster than the national average for all occupations.
Marketing Manager/Business Development Manager
Marketing managers plan, direct and coordinate an organization’s marketing programs and policies. After determining the demand for goods and services, they create pricing strategies to take full advantage of profits and share of the market. Additionally, marketing managers oversee product development and track trends showing the need for new services/goods.
According to theUS Bureau of Labor Statistics, the average annual salary for an advertising, promotions, and marketing manager is $133,380.
Market Research Manager
A market research manager, sometimes referred to as a market research analyst, is responsible for an organization’s research and analysis of current market trends, existing campaigns for goods and services, and future planned marketing ventures. They may also be responsible for creating and presenting reports indicating how an organization can align its marketing campaigns to current trends, thereby increasing sales.
According to theUS Bureau of Labor Statistics, a market research analyst can expect an average annual salary of $63,920. The employment rate for a market research analyst is projected to increase by 19 percent from 2021 to 2031 – three times faster than the average for all occupations.
Financial Manager
A financial manager is responsible for an organization’s financial health. The responsibilities of a financial manager include the creation of financial reports, the development of plans for an organization’s long-term financial goals, and the orchestration of investment activities. They spend much of their time analyzing data and advising senior executives on methods of maximizing profits.
TheUS Bureau of Labor Statisticsreports that a financial manager will make an average income of $131,710 annually. The need for financial managers is projected to increase by 19 percent from 2021 to 2031 – three times faster than the average for all occupations.
Business Manager
While overseeing a team of employees within an organization, business managers work to meet the goals of their employers. Working for both large and small organizations, a business manager oversees the daily operations of one or more departments.
According toIndeed.com, a business manager can expect an average base salary of $63,634 per year.
Accountant
An accountant assists an organization in tracking and maintaining accuracy in its finances. They may have a variety of responsibilities, including daily transaction recordkeeping, regular audits of an organization’s financial statements, and monitoring of an organization’s cash flow. Accountants often possess skills including problem-solving, mathematical proficiency, analytical thinking, and attention to detail.
TheUS Bureau of Labor Statisticsreports that the national average salary for auditors and accountants is $77,250 annually.
Investment Banker
An investment banker, sometimes referred to as a financial planner or financial advisor, assesses an individual’s financial needs and advises them on investment decisions, tax laws, and insurance. They assist clients in setting short- and long-term financial goals and make investments on their client’s behalf.
According to theUS Bureau of Labor Statistics, a personal financial advisor can expect an average annual income of $94,170. The employment rate for personal financial advisors is expected to increase by 15 percent from 2021 to 2031 – more than double the national average for all occupations.
Product Manager
A product manager, also known as a product design manager, oversees activities related to the research, design, and marketing of products for an organization. Duties include completion of market research to determine customer needs and their competitor’s products. They also work with their customer service department to garner customer suggestions and identify product defects.
According toZipRecruiter, the national average salary for product managers is $98,439 annually.
How to Get a Job with a Business Administration Degree
Working hard in your business program will give you a knowledge base and skill set that serves as a strong foundation for many exciting career opportunities. A BBA also gives you the entrance requirements for professional and advanced degree programs such as a Master of Business Administration (MBA), law, and social services.
Many undergraduate business administration courses qualify as prerequisites or exemptions in professional business designation programs such as the CA, CFP, CGA, CHRP, CMA, and CHRP.
Is a business degree worth it? You bet! Business is often considered theleast-regretted major, which means that individuals who choose business degree programs are ultimately more satisfied with their career path than those who choose to pursue other majors.
After achieving your BBA, the sky is the limit. Therefore, the best thing you can do is work hard in your business degree program and absorb as much information as possible. While completing your degree, determine your career goals so you can pursue your dream career upon graduating.
Learn More Today at Carson-Newman
Join the elite at Carson-Newman! OurBachelor of Business Administrationgraduates are in high demand in the marketplace and worldwide nonprofit organizations.Contact usto learn more about what you can do to pursue a fantastic business career in private businesses or nonprofit organizations or by striking out on your entrepreneurial journey.
